Kevin86475391 wrote: that system better suits me and I like seeing all my groceries on one card, dining out on another, bills on a third, non-grocery consumer goods on a fourth, etc. It helps me budget and track spending much more easily than lumping everything together would.
Does meeting minimum spend on a new card make a mess of that system? Do you miss out on any rotating categories, or are you okay with making changes every 3 months?
Meeting minimum spend bonus on a new card is never really an issue for me because I can pay absolutely everything including my rent with credit cards. There's a 1% fee to do so, but I get 2% with the DC, so I still come out ahead and get the convenience of using a card. When I need to meet a minimum spend bonus I just switch rent payments to that card for the introductory 3 months. Since the cards I apply for usually still have at least a 1% base rewards it's still about a wash with the fee and makes meeting the spend incentive easy without actually spending anything extra.
It's not a problem at all switching cards every three month. I suppose if rotating categories weren't a concern I'd permanently assign a given category to a given card, but I'm mostly concerned with separating them out on a week to week or month to month basis to track. Changing every quarter or so isn't a big deal.
Vattené wrote:I do personally have a more restrictive limit for adding personalized cards, though. For example I don't have any interest in an AARP card just for restaurants. The marginal increase in rewards alone just isn't enough to entice me.
I am interested in the AARP card to up my restaurant rewards, but it's a 'maybe eventually' card. I just got the CSP back in February for the awesome signup bonus, which was much more appealing than worrying about an extra 1% on restaurants. Since I really don't like to get a lot of new cards at once I'm pretty much done apping until around summer of 2017.
Had I not gotten the CSP though I probably would have pulled the trigger on the Amex BCE, which is a card I've been considering for a long time now. The 3% grocery rewards are a bit more appealing to me than the 3% restaurants because the Freedom and It do consistently offer restaurants as a category and usually in different quarters. However, Discover doesn't offer groceries as a quarter, only Freedom. So I have more of a 'need' for an amped up grocery card. Plus I think the BCE is just a card I'd rather have.
So basically the AARP card won't happen for at least 2+ years and maybe longer if something more appealing comes along. I'd probably be opening it around the time I close the CSP.
Vattené wrote: When I started out focusing on credit card rewards I just had a Discover. I put absolutely everything I could (that didn't cost extra) through the card, and I loved using the spend analyzer to get a good picture of all of my spending.
Yeah I love Discover's spend analyzer! I wish all my cards had a feature like that.